Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Blue Tower generated a 6.02% net return in Q3 2025, powered by its largest holding Georgia Capital. The manager remains highly cautious on US index returns due to extreme valuations, unsustainable fiscal deficits, and structural de-dollarization trends.
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Blue Tower generated a 6.02% net return in Q3 2025, powered by its largest holding Georgia Capital. The manager remains highly cautious on US index returns due to extreme valuations, unsustainable fiscal deficits, and structural de-dollarization trends.
The traditional 60/40 model is dead as stock-bond correlations turn positive under a politicized Fed, establishing gold and precious metals as the ultimate structural safe havens.
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The traditional 60/40 model is dead as stock-bond correlations turn positive under a politicized Fed, establishing gold and precious metals as the ultimate structural safe havens.
Capicraft is highly cautious on US markets and the dollar due to structural debt imbalances, preferring instead to allocate to precious metals, uranium, emerging markets, and South African government bonds.
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Capicraft is highly cautious on US markets and the dollar due to structural debt imbalances, preferring instead to allocate to precious metals, uranium, emerging markets, and South African government bonds.
The Auxier Focus Fund gained 2.48% in Q2 2025 amidst a speculative market pivot. The manager remains cautious of record margin debt and aggressive tariffs, prioritizing high-quality cash compounders with strong defensive moats.
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The Auxier Focus Fund gained 2.48% in Q2 2025 amidst a speculative market pivot. The manager remains cautious of record margin debt and aggressive tariffs, prioritizing high-quality cash compounders with strong defensive moats.
